For the Goleta Real Estate North area of Santa Barbara Real Estate the Home Estate/PUD market there have been 143 sales through the end of November ’09 with a median sales price of $704,000. This compares to last year when there were 140 sales with a median sales price of $832,500. The average sales price was a lot farther apart however. In ’08 that average sales price was $966,112 and in ’09 it was $808,467. Through the first 11 months of ’09 there have been 152 escrows opened with a median list price of $729,000 and in ’08 there were 142 escrows opened with a median list price of $825,000. Through November of this year there have been 233 new listings for Goleta North with a median list price of $789,000 and in the previous year there were 251 new listings with a median list price of $880,000. Right now there are just 63 Home Estate/PUDs available for purchase in the Goleta South area with a median list price of about $1.1 million.
For the Condo Market in the Goleta Real Estate South area of Santa Barbara Real Estate we’ve had 52 sales so far in ’09 with a median sales price of about $395,000. Last year there were 38 sales but the median sales price was $467,500. The average sales also dropped from about $510,000 in ’08 to about $400,000 in ’09. Through November ’09 there have been 61 escrows opened with a median list price of just under $400,000 and last year there were 36 escrows opened with a median list price of $475,000. For the first 11 months of this year there have been 82 new listings with a median list price of about $410,000 come on the market and last year there were 73 new listings with a median list price of just under $500,000. Right now there are just 14 condos available for purchase on the North Side of Goleta with a median list price of $439,000.